Cryptocurrency End Of Day Recap

May 10, 2018
  • Major cryptocurrencies traded negative today without any clear indication as to what was driving the selling. Bitcoin is now trading at USD$9,097 down from USD$9,900 just last week. Notable outperformers today were DigixDAO +1.50% EOS +0.14% and VeChain +4.04%. Notable underperformers were Bytecoin -17.94%, LIsk -7.21% and Populous -9.88%.
  • A team of financial researchers from Fundstrat has released a price range for Bitcoin for 2019 year end ranging anywhere from USD$20,000 TO USD$64,000
  • De Beers has announced that it successfully tracked 100 diamonds along the entire value chain, from the mine to the jeweler on its blockchain
  • Singapore based cryptocurrency exchange Huobi released its Cryptocurrency Investor Sentiment Index Report for April and showed that there was a positive increase in bullish sentiment by 17% since March
  • China will be releasing nationwide blockchain standards by the end of 2019, according to a government official who told a local news media